Malaysia enforces provisional anti-dumping duties ranging from 2.52% to 36.80% on flat-rolled iron and steel products from China, India, Japan, and South Korea to protect its domestic industry.
The Indian equity market is witnessing a significant downturn, with losses mounting to $556 billion amidst growing concerns over inflation and economic growth. This steep decline in market capitalization has raised alarm bells among investors, as key indices continue to struggle under global and domestic pressures. Economic Growth and Inflation Concerns The rout in the
India’s retail inflation eased to 5.22% in December, hitting a four-month low and remaining within the Reserve Bank of India’s (RBI) comfort zone of 2-6%. This decline is attributed to falling food prices and improved supply chains, offering relief to policymakers and consumers alike. Food Prices Drive Inflation Decline The primary factor behind the dip […]
Mutual funds in India increased their cash allocation significantly by ₹7,000 crore in December, taking the total allocation to a record ₹1.87 lakh crore. This rise reflects fund managers’ cautious approach amidst market volatility and concerns over global economic uncertainties. Fund Managers Shift Strategy The sharp increase in cash reserves is attributed to fund
Under the stewardship of the Tata Group, Air India has undergone a significant transformation, emerging as a global aviation player poised to reclaim its former glory. With major investments in fleet expansion, technology upgrades, and enhanced customer service, Air India is no longer a “subscale” business but a cornerstone of the Tatas’ aviation
RBI may reduce forex interventions to allow rupee depreciation, boosting export competitiveness.
In a surprising development, jailed conman Sukesh Chandrasekhar has written to Finance Minister Nirmala Sitharaman, seeking permission to declare an overseas income of $2.7 billion. Chandrasekhar, who is currently in prison for multiple fraud cases, expressed his willingness to pay taxes on the declared amount, aiming to comply with Indian tax regulations. Chandrasekhar’s
Sensex loses 800 points, Nifty drops 1% as global market weakness impacts investor sentiment.
Microsoft confirms no layoffs in India, despite global workforce reductions, ensuring job security for its Indian employees.
India's industrial output increased by 5.2% year-on-year in November, marking a six-month high, driven by strong performances in manufacturing, electricity, and mining sectors.
